R K Swamy Limited has informed the Exchange about Disclosure under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 ( SEBI Listing Regulations ) - Extension of timeline for utilization of IPO Proceeds as on March 31, 2026.
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R K Swamy Limited's board approved a three-year extension for utilizing its IPO proceeds, pushing the deadline from March 31, 2026 to March 31, 2029. The company had raised ₹156.325 Crores through its IPO in March 2024 but has used only ₹104.796 Crores (~67%) as of December 31, 2025, leaving ₹51.529 Crores unutilized. Management cited delays in identifying a location for a Digital Video Studio, a deliberate holdback on IT infrastructure spending due to rapid AI advancements, and a phased rollout for Customer Experience Centres and CATI centres as reasons for the shortfall. The objects of the issue remain unchanged—only the deployment timeline is being extended, with unutilized funds parked in interest-bearing instruments.
This may be viewed negatively by investors, as roughly one-third of IPO proceeds remain unspent two years after listing, raising concerns about the original growth plans and execution capability. Near-term sentiment could be weak, though the phased and AI-cautious approach may be read as prudent capital discipline by some.